India 6th wealthiest country with $8,230 billion | Current Affairs, Current Affairs 2017

India 6th wealthiest country with $8,230 billion

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India has been ranked sixth in the list of wealthiest countries with total wealth of $8,230 billion, while the United States topped the chart, says a report by New World Wealth.

According to the report, India is on the third spot in terms of resident billionaires with 119 individuals in the list. India’s wealth took a sharp jump of almost 25 per cent in 2017 as compared to 2016 when its net wealth was around $6,584 billion. Rated as best performing market globally, India has 3.3 lakh HNWIs (high-net-worth individuals), ninth highest in the world, while the country has 20,730 multi-millionaires, which is seventh largest.

Overall, the United States has retained the first spot with the total wealth of $64,584 billion in 2017, followed by China with $24,803 billion and Japan with $19,522 billion at third.

Others top 10 wealthy nations are United Kingdom (4th, $9,919 billion), Germany (5th, $9,660 billion), France (7th, $6,649 billion), Canada (8th, $6,393 billion), Australia (9th, $6,142 billion) and Italy (10th, $4,276 billion).

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